This paper aims at providing an overview of the theoretical considerations and a review of the empirical literature on the relationship between finance and growth. Section I describes the role of financial development in economic growth at the macro level, both theoretically and empirically....

"At least 25 countries have used IPO auctions, but most have since abandoned them. We argue that this is because auctions, being indirect mechanisms, require a level of sophistication above that of many investors. Through suitably calibrated examples, we show that even sophisticated investors...

Die Autorin analysiert in der vorliegenden Arbeit die Auswirkungen von Überlasten im Bereich Verkehrs-Infrastrukturen und konzipiert einen ordnungspolitischen Maßnahmenkatalog für eine effizientere Nutzung dieser Fazilitäten. Der ökonomische Basisvorschlag besteht in der Implementierung des...

Part I: Introductory Matter -- 1.Utility and Demand -- 2.Elements of Production -- Part II: Models -- 3.Cournot I: Constant Returns -- 4.Cournot II: Returns to Scale and Stability -- Bertrand -- 6.Stackelberg -- 7.Hotelling Duopoly -- 8.Disequilibrium Trade and Pricing of Durable Commodities --...